Registration of Securities to be Offered to Employees Pursuant to an Employee Benefit Plan — Form S-8 Filing Table of Contents
Document/ExhibitDescriptionPagesSize 1: S-8 S-8 Registration Statement HTML 26K
2: EX-5.0 Opinion Re: Legality HTML 8K
3: EX-10.1 2002 Employee, Consultant and Advisor Stock HTML 17K
Compensation Plan
4: EX-10.2 Form on Stock Payment Agreement HTML 12K
5: EX-24.1 Consent of Stan J.H. Lee, CPA HTML 6K
As filed with the Securities and Exchange Commission on
May 14, 2002
File No. 000-32551
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
SUNDEW INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State of Incorporation)
23-3067904
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(IRS Employer ID No.)
1422 Chestnut Street, Suite # 410
Philadelphia, Pennsylvania19102
(215) 564-9484 X10
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(Address and Telephone Number of Principal Executive Offices)
2002 Employee, Consultant and Advisor Stock Compensation Plan
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(Full title of the plan)
Michael C. Tay
President and Chief Executive Officer
Sundew International, Inc.
1422 Chestnut Street, Suite # 410
Philadelphia, Pennsylvania19102
(215) 564-9484 X10
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(Name and address of agent for service)
COPIES TO:
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William F. Webster, Esq.
Webster Law Firm
1000 G. Street, 2nd Floor
Sacramento, California95814
Tel: (916) 321-4427
CALCULATION OF REGISTRATION FEE
Proposed Proposed
Title of Securities to Maximum Aggregate
be Registered Amount to be Offering Price Offering Price Amount of
Common Stock, Registered (1) per Share (2) per Share (2) Registration Fee (2)
--------------- -------------- ------------- ------------- --------------------
$.001 par Value 1,000,000 $0.0025 $2,500 $0.23
(1) Shares of the Registrant's Common Stock issuable to employee,
consultants and advisor under the Registrant's 2002 Employee,
Consultant And Advisor Stock Compensation Plan.
(2) Estimated solely for purposes of calculating the registration
fee pursuant to Rule 457(h) under the Securities Act of 1933 on
the basis of the book value of the Registrant's Common Stock
$0.0025 as of December 31, 2001.
PART I
ITEM I. Plan Information.
Not required to be filed with this Registration Statement.
ITEM 2. Registrant Information and Employee Plan Annual Information.
Not required to be filed with this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. Incorporation of Documents by Reference.
The following documents are incorporated by reference in this
registration statement:
a. Registrant's Annual Report on Form 10-KSB for the fiscal
year ended December 31, 2001, filed pursuant to Section
13(a) of the Securities Exchange Act of 1934;
b. Registrant's Quarterly Reports on Form 10-QSB for the
quarters ended June 30, 2001, and September 30, 2001;
c. Registrant's Current Report on Form 8-K dated October 24,2001;
d. The description of the Registrant's Common Stock contained
in its Registration Statement on Form SB-2 dated February2, 2001, as amended;
e. All other reports, if any, filed by the Registrant
pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act, as amended (the "Exchange Act") since the
end of the fiscal year covered by the Annual Report
referred to in (a) above.
From the date of filing of such documents, all documents filed by
the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Securities Exchange Act of 1934, as amended, after the date of
this Registration Statement and before the filing of a
post-effective amendment to this Registration Statement that
indicates that all securities covered by the Registration Statement
have been sold or that deregisters all securities covered by the
Registration Statement then remaining unsold. Any statement
contained in a document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a
statement contained herein or in any subsequently filed document
which also is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this Registration Statement.
ITEM 4. Description of Securities.
The Common Stock to be offered is registered under Section 12 of the
Securities Exchange Act of 1934.
ITEM 5. Interests of Named Experts and Counsel.
As special counsel for the Registrant, William F. Webster, Esq. has
rendered an opinion to the effect that the Common Stock offered
hereby, if and when issued in accordance with the Plan, will have
been validly issued, fully paid, and nonassessable. William F.
Webster, Esq. is a member of the Webster Law Firm and will be
offered shares of Common Stock registered under this Registration
Statement in payment of the Registrant's obligations to the firm.
ITEM 6. Indemnification of Directors and Officers.
Section 102(b) of the Delaware General Corporation Law authorizes a
corporation to provide in its Certificate of Incorporation that a
director of the corporation shall not be personally liable to the
corporation or its stockholders for monetary damages for breach or
alleged breach of the director's "duty of care." While this statute
does not change the directors' duty of care, it enables corporations
to limit available relief to equitable remedies such as injunction
or rescission. The statute has no effect on a director's duty of
loyalty or liability for acts or omissions not in good faith or
involving intentional misconduct or knowing violations of law,
illegal payment of dividends or stock redemptions or repurchases, or
for any transaction from which the director derives an improper
personal benefit. As permitted by the statute, the Registrant have
adopted provisions in its Certificate of Incorporation which
eliminate to the fullest extent permissible under Delaware law the
personal liability of its directors to it and its stockholders for
monetary damages for breach or alleged breach of their duty of care.
Section 145 of the Delaware General Corporate Law provides generally
that a corporation shall have the power, and in some cases is
required, to indemnify an agent, including an officer or director,
who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (other than an
action by or in the right of the corporation) by reason of the fact
that he or she is or was a director, officer, employee or agent of
the corporation, against certain expenses, judgments, fines,
settlements, and other amounts under certain circumstances.
The Registrant's Certificate of Incorporation and By-laws provide
for indemnification to the full extent permitted by the Delaware
General Corporation Law. These indemnification provisions may be
sufficiently broad to permit indemnification of the Registrant's
officers and directors for liabilities (including reimbursement of
expenses incurred) arising under the Securities Act of 1933, as
amended.
ITEM 7. Exemption from Registration Claimed.
Not applicable.
ITEM 8. Exhibit.
Exhibit No. Exhibit
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5 Opinion re: Legality.
10.1 2002 Employee, Consultant and Advisor Stock
Compensation Plan.
10.2 Form on Stock Payment Agreement.
24.1 Consent of Stan J.H. Lee, Certified Public
Accountant, to the use of his opinion included
in the Annual Report of the Registrant on Form
10-KSB for the fiscal year ended December 31,2001.
24.2 Consent of the Webster Law Firm to the
filing of its opinion with respect to the
legality of the securities being registered
hereby (included in Exhibit No. 5).
ITEM 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set
forth in the registration statement;
(iii) To include any material information with respect to the plan
of distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement;
PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) do not
apply if the registration statement is on Form S-3, Form S-8 or Form
F-3, and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed
with or furnished to the Commission by the Registrant pursuant to
section 13 or section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each
filing of the Registrant's annual report pursuant to section 13(a)
or section 15(d) of the Securities Exchange Act of 1934 (and, where
applicable, each filing of an employee benefit plan's annual report
pursuant to section 15(d) of the Securities Exchange Act of 1934)
that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in
the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and
is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer
or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities
being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit
to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the
Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly
caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Philadelphia,
State of Pennsylvania, on May 14, 2002.
SUNDEW INTERNATIONAL, INC.
/s/ Michael C. Tay
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By: Michael C. Tay, President
and Chief Executive Officer
Date: May 14, 2002
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in
the capacities and on the dates indicated.
Signature Title Date
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/s/ Michael C. Tay President, Treasurer, Secretary May 14, 2002Michael C. Tay and Director (Principal Executive,
Financial and Accounting Officer)
Dates Referenced Herein and Documents Incorporated by Reference
